00:00Good news for the customers of Manila, the rollback of the water when it enters October.
00:06But there is an added bonus for the customers of Manila Water.
00:11Maki Polido was able to see it.
00:161,800 Pesos per month is being paid by Lilibeth's water in Manila Water.
00:22That's why she's already doing all kinds of savings.
00:26Put water in a bucket and put it in a bucket so that you can use it to clean the toilet.
00:33If you're going to use a toothbrush, just estimate how many glasses you'll need to use a toothbrush.
00:40So that you won't have to open the faucet every time.
00:44But there's still a need for a discount because Manila Water has a high price since October 1.
00:49The MWSS Regulatory Office explained that this is because of the Foreign Currency Differential Adjustment or FCDA.
00:56This is the loss or income of water concessionaires whenever the exchange rate of Pesos is fluctuating against the money of other countries
01:03if they are paying their debts abroad.
01:05Because the Peso is low compared to the Euro and US Dollars of the past few months,
01:10consumers will be able to see the difference in the exchange rate of money.
01:13The principle of this is that if a concessionaire has gains in foreign currency fluctuations,
01:21they need to return it to the public.
01:24If they have a loss, they can return it to the public.
01:29That's why from October 1 until the end of December,
01:32the residential customers of Manila Water have an additional 3 Pesos and 65 Centavos
01:37that consume 10 cubic meters less.
01:40The additional 8 Pesos and 10 Centavos consume 20 cubic meters
01:44and 16 Pesos and 54 Centavos consume 30 cubic meters more.
01:49We need to build new water sources.
01:54We need to build many wastewater treatment plants,
01:58lay and rehabilitate new lines.
02:02So we need money for this.
02:05That's where the loans will go.
02:07But if there are high yields in Manila Water,
02:09the rollback will be implemented from October 1 for the residential customers of Manila.
02:14That's the bulk of the debts of Manila,
02:17and the Peso is higher compared to the Euro and US Dollars of the past few months.
02:21That's why it will be returned to the foreign exchange.
02:24The rollback is 83 Centavos for those who consume 10 cubic meters less,
02:283 Pesos and 14 Centavos for those who consume 20 cubic meters,
02:33and 6 Pesos and 43 Centavos for those who consume 30 cubic meters per month.
02:38The MWSS Regulatory Office will review the FCDA
02:42even if the loan can be changed again on January 1.
02:45This is regularly adjusted every quarter.
02:49So if the Peso is appreciated, there will be a rollback.
02:53That's the principle of no gain, no loss for the FCDA.
02:58At a time when every cent is important,
03:01Lilibet will look for other ways to save water.
03:05Let's start with Manila.
03:07For GMA Integrated News, Macky Pulido for Tuto 24 Hours.
03:28For GMA Integrated News, Macky Pulido for Tuto 24 Hours.
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